<PAGE> 1
THE KENT FUNDS
SUPPLEMENT DATED DECEMBER 19, 1997 TO THE
TAX ADVANTAGED FUNDS PROSPECTUS DATED MAY 1, 1997
Due to changes in responsibility regarding the day-to-day management of the
Funds, the following paragraph replaces the third paragraph within the section
entitled "Who Manages and Services the Funds?" that describes the portfolio
managers for the Funds:
Joseph T. Keating, a Senior Vice President and Chief Investment Officer at
Old Kent, is responsible for developing and implementing the Funds'
investment policies. Mr. Keating has over twenty-one years of investment
experience including ten years with Old Kent. Michael J. Martin, a Vice
President in the Investment Management Group and Director of Tax-Free Fixed
Income Management, is the portfolio manager for each of the Funds and is
responsible for their day-to-day management. Mr. Martin has managed all of
the Funds since November 10, 1997. He was co-portfolio manager for the
Limited Term Tax-Free Fund and the Michigan Municipal Bond Fund since
January 1995. Mr. Martin has over eight years of experience with Old Kent.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
KKF-0401 PRO(KKF-0392)
<PAGE> 2
THE KENT FUNDS
SUPPLEMENT DATED DECEMBER 19, 1997 TO THE
BOND FUNDS PROSPECTUS DATED MAY 1, 1997
Due to changes in responsibility regarding the day-to-day management of the
Funds, the following paragraph replaces the third paragraph within the section
entitled "Who Manages and Services the Funds?" that describes the portfolio
managers for the Funds:
Joseph T. Keating, a Senior Vice President and Chief Investment Officer at
Old Kent, is responsible for developing and implementing the Funds'
investment policies. Mr. Keating has over twenty-one years of investment
experience including ten years with Old Kent. Mitchell L. Stapley, a Vice
President in the Investment Management Group and Director of Taxable Fixed
Income, is the portfolio manager of the Intermediate Bond and Income Funds,
which he has managed since their inception, and the Short Term Bond Fund,
which he has managed since November, 1996. Mr. Stapley is responsible for
the day-to-day management of the Funds. He has over fourteen years of
investment experience, including ten years with Old Kent.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
KKF-0400 PRO(KKF-0391)
<PAGE> 3
THE KENT FUNDS
SUPPLEMENT DATED DECEMBER 19, 1997 TO THE
STOCK FUNDS PROSPECTUS DATED MAY 1, 1997
Due to changes in responsibility regarding the day-to-day management of the
Funds, the following paragraph replaces the third paragraph within the section
entitled "Who Manages and Services the Funds?" that describes the portfolio
managers for the Funds:
Several portfolio managers are responsible for the day-to-day management of
the Funds. Joseph T. Keating, a Senior Vice President and Chief Investment
Officer at Old Kent, is responsible for developing and implementing the
Funds' investment policies. Mr. Keating has over twenty-one years of
investment experience including ten years with Old Kent. Allan J. Meyers, a
Vice President in the Investment Management Group and Director of Active
Equity Management, is responsible for investment strategy and portfolio
management for the Growth and Income Fund. Mr. Meyers has over twenty-two
years of investment experience, including thirteen years with Old Kent. Mr.
Meyers has been portfolio manager for the Growth and Income Fund since
November 10, 1997. David C. Eder, a Vice President in the Investment
Management Group and Director of Structured Equity Management, is
co-portfolio manager for the Index Equity, Small Company Growth and
International Growth Funds. Mr. Eder has over five years of investment
experience with Old Kent and, prior to his current position, worked as an
Analyst for Old Kent. He has been co-portfolio manager of the International
Growth Fund and the Index Equity Fund since January, 1995. He has been
co-portfolio manager of the Small Company Growth Fund since August, 1996.
Robert Cummisford, CFA, an Assistant Vice President in the Investment
Management Group, is co-portfolio manager for the Index Equity, Small
Company Growth and International Growth Funds. Mr. Cummisford has over five
years of investment experience, including one year with Old Kent. Prior to
joining Old Kent, he was Senior Consultant with Ibbotson Associates.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
KKF-0402 PRO(KKF-0393)
